Pension and Other Postretirement Benefits (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Components of Net Periodic Benefit Cost Classified as Direct Plans

The components of net periodic benefit cost for defined benefit pension and other postretirement benefit plans were as follows:


	Second quarter ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Pension benefits
Service cost	$	3	$	4	$	6	$	9
Interest cost	25		17		51		33
Expected return on plan assets	(23)		(23)		(46)		(47)
Amortization of net actuarial loss	10		19		20		38
Amortization of prior service cost	2		—		3		—
Settlements	—		—		—		1
Net periodic benefit cost*	$	17	$	17	$	34	$	34

Other postretirement benefits
Service cost	$	1	$	1	$	2	$	2
Interest cost	4		3		8		6
Amortization of net actuarial loss	—		2		1		4
Amortization of prior service benefit	(2)		(2)		(4)		(4)
Net periodic benefit cost*	$	3	$	4	$	7	$	8

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* Service cost was reported in Cost of goods sold, Settlements were reported in Restructuring and other charges, and all other components were reported in Other expenses, net on the accompanying Statement of Consolidated Operations.